- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
OT loungers: Is the AMERICAN economy back?
Posted on 1/27/15 at 4:08 pm
Posted on 1/27/15 at 4:08 pm
In the most unpolitical way, what's the OT's general thoughts on where the country is with respect to the economy post 2008?
I'm curious to know what the general consensus is and whether most people are still feeling the proverbial recessional heat or if the mood is that the economy is coming back?
I'm curious to know what the general consensus is and whether most people are still feeling the proverbial recessional heat or if the mood is that the economy is coming back?
This post was edited on 1/27/15 at 4:13 pm
21
Posted on 1/27/15 at 4:09 pm to thegeneral3
Money Talk board.
Posted on 1/27/15 at 4:10 pm to thegeneral3
We've learned to live with less income and higher priced goods.
Posted on 1/27/15 at 4:10 pm to thegeneral3
If you're in the oilfield, 
If you're not,
If you're not,
Posted on 1/27/15 at 4:11 pm to thegeneral3
Gas is cheap so everyone in Louisiana is unemployed and can't find work.
Posted on 1/27/15 at 4:13 pm to Jim Rockford
Peeps are happy with gas prices today, but the current OPEC production levels are not sustainable; those same peeps will be crying again at $3/gal within 12-16 months.
This post was edited on 1/27/15 at 4:14 pm
Posted on 1/27/15 at 4:14 pm to thegeneral3
Absolutely it's back. Jackson,ms has a wine bar for crying out loud.
Posted on 1/27/15 at 4:15 pm to LSUAlum2001
quote:
but the current OPEC production levels are not sustainable;
They have sustained their levels for years. Unless you mean in the next 100 years.
Posted on 1/27/15 at 4:18 pm to fightin tigers
quote:
but the current OPEC production levels are not sustainable;
They have sustained their levels for years. Unless you mean in the next 100 years.
You'd be wrong even if you said they weren't sustainable for 100 yrs.
Posted on 1/27/15 at 4:22 pm to fightin tigers
Nah.
They typically increase and decrease production throughout the year to control their market share.
Saudi was getting scared of losing market share with all of the new production occurring worldwide so they are keeping the production up to crush the newcomers. Once they feel the goal has been accomplished, prices will creep back up and fuel prices will race back to previous levels.
Companies will think twice going forward to locate and produce higher cost wells, knowing that it only takes OPEC a few months to potentially bankrupt them.
They typically increase and decrease production throughout the year to control their market share.
Saudi was getting scared of losing market share with all of the new production occurring worldwide so they are keeping the production up to crush the newcomers. Once they feel the goal has been accomplished, prices will creep back up and fuel prices will race back to previous levels.
Companies will think twice going forward to locate and produce higher cost wells, knowing that it only takes OPEC a few months to potentially bankrupt them.
This post was edited on 1/27/15 at 4:24 pm
Posted on 1/27/15 at 4:23 pm to thegeneral3
No and I don't think it'll ever be back.
Posted on 1/27/15 at 4:24 pm to thegeneral3
No, get ready for another recession. The economy was propped briefly by the oil boom.
Posted on 1/27/15 at 4:25 pm to thegeneral3
No way. Good jobs are scarce and employers are working people nearly to death because there's a glutton of qualified people who need a job.
Posted on 1/27/15 at 4:26 pm to thegeneral3
America as well as Americans are just enjoying a higher level of debt.
The economy is nowhere near "back".
The economy is nowhere near "back".
Posted on 1/27/15 at 4:29 pm to thegeneral3
Depends where you are. Things are great here in Nashville. Commercial building is way up and not slowing. Tons of jobs.
Posted on 1/27/15 at 4:33 pm to thegeneral3
Back to what ?
We are essentially a drug addict being pumped with more drugs. We do not have a healthy economy.
We are essentially a drug addict being pumped with more drugs. We do not have a healthy economy.
Posted on 1/27/15 at 4:49 pm to htownjeep
quote:
You'd be wrong even if you said they weren't sustainable for 100 yrs.
Honestly I have no idea on what there reserves are at this rate, but I was referring to it eventually runninh out.
Page 1 of 2
Back to top
Follow TigerDroppings for LSU Football News